As part of Paramount Residential Mortgage Group (PRMG’s) ongoing quest to preserve the mortgage brokers and the wholesale channel they serve, PRMG is “putting their money where their mouth is” and has announced that they are budgeting more than $100,000 toward helping provide continued education for mortgage brokers and originators.

“Now, more than ever, we need to stand behind the broker community," said PRMG Chief Executive Officer and President Paul Rozo. “As I have mentioned before, we are very committed to the mortgage brokers and therefore, we remain steadfast in that we believe in them and will continue to support them in any way we can and on many fronts, including education.” Over the next three to six months, PRMG will be holding regular Nationwide Mortgage Licensing System (NMLS) prep class training sessions on-site at their PRMG Campus facility for mortgage brokers and originators to continue required training and certification. Classes will be taught by a certified NMLS instructor and will be offered at significant discount to brokers and originators. Specifically, PRMG will be subsidizing 50 percent of the cost per student. PRMG is encouraging all brokers and originators to register for the classes and not delay in getting their required NMLS prep and certification.

In addition, PRMG will be offering Federal Housing Administration (FHA) training courses for brokers who have previously been unable to originate such loans; however, with FHA’s new policy will be able to do so moving forward.

“With all the uncertainly going on in the mortgage industry today, we need to pull together and fight back by staying in the game and not giving in,” said Rozo.

PRMG applauds those entities and organizations that continue to provide education and support to the mortgage brokers along with the best possible loan programs, service and technology to ensure they can succeed in today’s mortgage environment.

For more information, visit www.prmg.net.